Latest Record Results Show Apple a Bigger Global Power Than Most Nations

Yet again, Apple announced record sales and earnings. Yet again, its “Jobs report” stood in stark contrast to the monthly official jobs report. For the past four years, as the U.S. economy has stumbled, Apple has soared. As millions have lost jobs or stayed underemployed, Apple has sold more phones, iPads, and computers than most thought possible. While its success certainly has come at the expense of competitors such as Research in Motion (maker of the BlackBerry) and Nokia, it has generated tens of billions in revenue and sold tens of millions of devices by reaching new customers and not simply taking market share. And it has seen its most dramatic success during one of the worst economic slumps in the developed world.

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Huge Corporations Win Global Economic Spoils as 99 Percent Get Squeezed

The 1 percent versus the 99 percent—the haves and the have-nots; the government or the people; China versus the United States. Our conversations today are framed by these splits, yet as compelling as these are, they are each secondary to the yawning gulf that has emerged between large, multinational companies and everything else.

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